Hu Offers China as Cure for Latin American Woes

In an address to Peru’s Congress, Hu made no mention of the United States and its regional dominance. But he made the case for China playing a bigger role across Latin America by combining its appetite for resources, investment potential and understanding of Third World concerns.

A global downturn may be sapping demand for Latin American goods, but China’s economy will keep growing, Hu assured the lawmakers.

“Development is the most pressing task for both China and Latin America,” Hu said. “In our cooperation we will take care of Latin America’s legitimate concerns and strive to realize mutually beneficial gains for all.”